Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

22
Posts
2
Votes
David D'Louhy
  • Real Estate Agent
  • Columbus, OH
2
Votes |
22
Posts

Where do you hold money while you look for your next property?

David D'Louhy
  • Real Estate Agent
  • Columbus, OH
Posted

Any tips on a liquid "investment" that would be advantageous for keeping funds that will be used to purchase the next investment property. 

It doesn't seem to make sense to keep it in a bank account earning nothing, and while I could move it to a savings account earning about 1%, I wasn't sure if you all had any better options that wouldn't put the capital at risk. 

I had thought perhaps whole life would be an option, but because I would just be starting out, the cash value in the first year would be only about 20% of what I would put into it. AND I found out that in my state that the cash value can be taken if sued.

Where do you put your money while waiting for the next investment?

Thanks in advance!

Most Popular Reply

User Stats

13,419
Posts
19,459
Votes
Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
19,459
Votes |
13,419
Posts
Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied

I hold it in my hands, usually because I don't want it sitting there doing nothing...it is usually right back into the next deal (which has already been analyzed and waiting for it).  Money is a verb,.. not a noun.  When it becomes a noun...you lose.

Loading replies...